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Amazon marketplace is an established website where you find customers looking to buy a whole range of products and you can take advantage of Amazons customers by selling at the Amazon website.

Amazon FBA (Fulfilled by Amazon)

Amazon FBA allows you to not only sell your product through Amazon but also fulfill delivery using Amazon. You simply need to send or take your products to the nearest Amazon warehouse and when you products are sold Amazon employees will pick, pack, dispatch and deliver your product to your customer. There are fees for Amazon FBA which are:

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Currency Exchange for Amazon Sellers and Amazon Exchange Rates

When using Amazon Marketplace you will likely be using Amazon exchange rates or your bank to exchange currency from international sales. If you use an online money transfer provider they will provide better rates not only on one-off currency transfers but also offer preferential exchange rates for making multiple money transfers over time such as many businesses that will be converting frequently. A money transfer company such as moneycorp will also assist you over the telephone guiding you as to the best time to transfer money and the likely direction of the exchange rate(s). If your business is located in a particular country you may also benefit from local access and/local knowledge provided by a money transfer company compared with your bank that may only have offices in one country with no guidance on the direction of exchange rates either. Examples are Currencies Direct whom have 16 offices in Spain as well as offices in other countries too. Another example is FairFX that allows you to transact money transfers to and from all US States which not all money transfer companies can do - they also can transact to many countries from the UK.

Amazon Fees for selling on Amazon

Whether you sell on Amazon using FBA or you manage the packing, dispatch and delivery of the product yourself Amazon charges fees to sell on Amazon Marketplace. There is a monthly fee as well as a fee per product sale.

Amazon Payments for Products from customers

Amazon will pay you via bank transfer to your bank account when your account is in credit.

Alternatives to selling on Amazon

Amazon can be expensive compared to alternatives. eBay or selling from your own website are good alternatives. Read more about eBay or Setting Up Your Own Website